Robin Greenwood

George Gund Professor of Finance and Banking

Robin is the George Gund Professor of Finance and Banking at Harvard Business School. At HBS he is the Faculty director of the Behavioral Finance and Financial Stability project, chairs the Business Economics PhD program, and serves as coursehead for Finance 1, the first semester core MBA finance offering. He is a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York and a Research Associate at the National Bureau of Economics Research.

Robin's research is in behavioral and institutional finance, with a particular focus on "macro-level" market inefficiencies such as asset price bubbles. He has also coauthored research on the role of government and central banks in the debt markets. His research awards include the 2015 Brattle Group Distinguished Paper for an outstanding corporate finance paper published in the Journal of Finance, and the inaugual 2014 Jack Treynor Prize awarded by the Institute for Quantitative Research in Finance.  

Robin received a Ph.D. from Harvard in Economics, and B.S. degrees in Economics and Mathematics at MIT. He has taught in both years of the MBA curriculum as well as the PhD program. 

Behavioral Finance and Financial Stability Project

Link to Personal Webpage 
Link to List of Outside Activities

  1. Behavioral Finance and Value Investing

    by Robin Greenwood

    I teach a case-based MBA-level course on Behavioral Finance and Value Investing. The course was last offered in the spring of 2009 and will be offered spring 2010.

    If you are an instructor, please email (rgreenwood@hbs.edu) or call me for a syllabus and cases and teaching notes.

    The course is organized around the following short modules, with a few cases in each module:

    [1] Introduction (Stock Price Manipulation; Closed End Fund Discounts)

    [2] Investor Psychology

    [3] Limits of Arbitrage (The Perfect Arbitrage Ideal; Imperfect Substitutes; Limited Capital; Short-sales Constraints)

    [4] The Corporate Response

    [5] Quantitative Investment Management

    [6] Special Situations and Value Investing